[PEN-L:4811] Re: econ. and cognitive psychology

[Rudy Fichtenbaum <FICHTENBAUM@xxxxxxxxxxxxxxx>]

Adam White writes:

>Oh come now! This argument is akin to saying that because eating one ice
>cream cone is good, eating ten thousand at a sitting is better -- or at
>least until you reach your bliss point and start craving tobacco. My simple
>(Economics 101) rebuttal is based on diminishing marginal utility. I derive
>utility from your happiness of course, but when your happiness begins to
>reach blissful proportions you become annoying to the point where my
>marginal utility is less than zero. The graphical explanation relies on a
>sigmoid or parabolic curve.

My question is if your graphical explanation relies on a sigmoid curve
do you need a sigmoidoscopy to understand the graph?

Rudy


  =====================================================================
  + Rudy Fichtenbaum        +  Internet Fichtenbaum@xxxxxxxxxxxxxxxxx +
  + Department of Economics +  Internet Fichtenbaum@xxxxxxxxxxxxxxx   +
  + Rike Hall               +  Bitnet   Fichtenbaum@xxxxxxxxxx        +
  + Wright State University +  Telephone 513-873-3085                 +
  + Dayton, OH 45435        +  FAX 513-873-3545                       +
  +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++